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SM 7 TQM QUIZ 2

Authored by hazel guzman

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University

Used 2+ times

SM 7 TQM QUIZ 2
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the primary purpose of a mission statement in an organization?

To outline future aspirations

 To communicate the reason for being

To list core principles

To analyze the competitive environment

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is NOT a step in the strategic management process?

Environmental Scanning

Strategy Formulation

Strategy Implementation

Financial Forecasting

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does the vision statement of an organization focus on?

Current market position

Operational procedures

Future-oriented purpose and aspirations

Daily management tasks

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which step in the strategic management process involves designing the organization's structure and distributing resources?

Strategy Evaluation

Environmental Scanning

Strategy Formulation

Strategy Implementation

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the main purpose of environmental scanning in strategic management?

To hire new employees

To develop marketing strategies

To collect and analyze information for strategic purposes

To evaluate employee performance

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is NOT mentioned as a reason why strategic management is important?

 Increases decision-making speed at a tactical level

Improves employee engagement

Makes hiring decisions easier

Increases profit margins

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does the values statement of an organization typically contain?

Financial goals

Market analysis

Core guiding principles

Competitive strategies

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